EVIO Inc (EVIO)

[fiveteenthirty]

mindless cheerleading pumping nonsense is an opinion to take with a container ships worth of salt. $evio has at least $2 million wrapped up in opening the mass lab for the past 10 months gathering dust and no cash flow.

$evio management waldrop and glauser have had a full staff in Mass now for 3 months. between rent, insurance and wages the burn rate is at least $25,000-$30,000 a month on the non-cash flowing Mass Lab.

Thats at least $75-$90,000 in lost/wasted shareholder cash from a very depleted treasury and counting. A treasury that has lost the income and capital investment of TWO Oregon labs lost to criminal negligence of $evio corporate officers of which to date there have been no repercussions or even comment to address this massive corporate negligence costing shareholders millions in equity.

Anyone glibly saying that another 5 months wont matter is living in a pumpers fantsy world with no relation to the operating reality. Staff will have to be let go, cash is going to be pulled from other operations to just be able to keep the rent paid and the lights on. Oh and the lease payments on a million in non cash flowing equipment.

its just another in a long long line of terrible outcomes as a consequence of avoidable bad terrible lazy short sighted ignorant decisions made by Waldrop and Glauser.